House Ways and Means to mark up bills relating to disclosure requirements and foreign donations and grants of tax-exempt organizations
House Ways and Means has scheduled a committee markup of four bills relating to foreign donations and grants received by tax-exempt organizations
Mark up of bills relating to foreign donations to tax-exempt organizations
The House Committee on Ways and Means has scheduled a committee markup for tomorrow, May 15, 2024, of four bills relating to foreign donations to and grants by tax-exempt organizations, as well as disclosure requirements pertaining to U.S. donors to tax-exempt organizations.
In advance of the hearing, the staff of the Joint Committee on Taxation (JCT) released descriptions of the bills and the amendments in the nature of a substitute.
H.R. 8290, the “Foreign Grant Reporting Act”
- Text of the bill
- JCT description
- Amendment in the nature of a substitute
- JCT description of the amendment
H.R. 8291, the “End Zuckerbucks Act”
- Text of the bill
- JCT description
- Amendment in the nature of a substitute
- JCT description of the amendment
H.R. 8293, the “American Donor Privacy and Foreign Funding Transparency Act”
- Text of the bill
- JCT description
- Amendment in the nature of a substitute
- JCT description of the amendment
H.R. 8314, the “No Foreign Election Interference Act”
- Text of the bill
- JCT description
- Amendment in the nature of a substitute
- JCT description of the amendment
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.